Outcome of 42nd Annual General Meeting

Karnavati Finance Limited CIN : L695910MH1984PLC034724 Administrative & Corporate Office : “Vraj”, 5th Floor, Near Teen Batti, Limda Lane, Jamnagar - 361001 (Gujarat) INDIA Phone : 0288 2673759, Fax No. 0288 2663042, Mo : +91 99045 61000 Email ID : karnavatifinance@gmail.com Date: September 30, 2026 BSE Limited Phiroze Jeejbhoy Tower, Dalal Street, Fort, Mumbai - 400 001 Dear Sir/Madam, Sub.: Outcome of 42" Annual General Meeting of the company Ref.: Karnavati Finance Limited (Security ID/Code: KARNAVATI/538928) The company’s 42 Annual General Meeting (AGM) was held today i.e. on Wednesday, September 30, 2026 through video conferencing (VC)/other audio visual means (OAVM) at 03:30 P.M. (IST). During the meeting, remote electronic voting facility was enable by the National Securities Depository Limited for members, who were present at the meeting and had not voted earlier through remote e-voting platform of NSDL, for voting in respect of businesses set forth in the notice of 42" Annual General Meeting of the company and the facility was available till 15 minutes after the closure of meeting. Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), read with Part A of Schedule IIl to the Listing Regulations, 2015 please find enclosed herewith summary proceedings of 42" Annual General Meeting. Kindly find detailed outcome along with the proceeding of 42™ Annual General Meeting. Thank You. For, Karnavati Finance Limited MORZARIA Dig0ita0lly sSigne,d JAY RANANBHAT Date: 20260930 RAMANBHAI 17:00:43 05130 Jay Morzaria Managing Director DIN: 02338864 Encl.: Summary of proceedings of the 42" Annual General Meeting Registered Office : Vraj, 2nd Floor, Simran Centre, Mogra Village, 30H Parsi Panchayat Road, Andheri East, Mumbai-400053. Phone : 022 2880 9111 Website : www.karnavatifinancelimited.com Karnavati Finance Limited CIN : L695910MH1984PLC034724 Adminisi trative & Corporate Office H: “Vraji””,, 5th Floor, Near Teen Batti, Limda Lane, Jamnagar - 361001 (Gujaraat ) INDIA Phone : 0288 2673759, Fax No. 0288 2663042, Mo : +91 99045 61000.Email ID : karnavatifinance@gmail.com SUMMARY OF PROCEEDINGS OF THE 42" ANNUAL GENERAL MEETING The 42" Annual General Meeting (AGM) of the member of Karnavati Finance Limited (“the company”) was held today i.e. Wednesday, September 30, 2026 at 03:30 P.M. (IST) through audio/video means via ZOOM platform. The Chairman of the company, Mr. Ashish Batavia, Chaired the meeting. First of all, for and on behalf of the chairman and board of directors, Ms. Akanksha Rai, Company Secretary of the company has welcomed the shareholders of the company and informed that, and in compliance with the circulars issued by Ministry of Corporate Affairs, Government of India and Securities and Exchange Board of India, the meeting was held through VC/OAVM. Further, she has welcomed and introduced all the panelists present at the meeting including chairman, Board of Directors and Committee Chairperson and members, CFO of the company, authorized representative of Statutory Auditor, Secretarial Auditor and Scrutinizer. N The requisite quorum being present, with the permission of the chairman, she called the meeting to be in order. She then requested chairman sir, Mr. Ashish Batavia to share the overall performance of the company for the Financial Year 2025-26. Mr. Ashish Batavia presented the performance of the company during the financial year 2025-26. Thereafter Ms. Akanksha Rai, Company Secretary, took over the charge to continue with the rest of the proceedings of the meeting. With the consent of members present at the meeting, the notice convening the 42" Annual General Meeting, the Report of Board of Directors and Auditor’s Report and Financial Statements for the Financial Year ended on March 31, 2026 were taken as read. Then after, the following resolutions set out in the Notice convening the 42" Annual General Meeting were taken as read with the permission of members: Sr. No. | Businesses Type of Resolution 1= To receive, consider and adopt audited financial statement of | Ordinary Resolution the Company for the financial year ended on March 31, 2026 and the reports of the Directors’ and the Auditors’ thereon 2, To appoint a Director in place of Mr. Jay Morzaria (DIN: | Ordinary Resolution 02338864), Managing Director of the Company, who retires by rotation and being eligible, seek re-appointment. Then after, Ms. Akanksha Rai, Company Secretary, with the permission of the chairman, asked the shareholders to raise their questions, if any. The shareholders present raised several questions regarding the Company’s future plans and strategy, the measures being undertaken by the Board to ensure transparency and good corporate governance, the management of the Company’s liabilities and expenses, and the manner in which the Company is leveraging technology tools and solutions available in the market. Registered Office : . Vraj, 2nd Floor, Simran Centre, Mogra Village, 30H Parsi Panchayat Road, Andheri East, Mumbai-400053. Phone : 022 2880 9111 Website : www.karnavatifinancelimited.com Karnavati Finance Limited CIN : L695910MH1984PLC034724 Administrative & Corporate Office : “Vraj”, 5th Floor, Near Teen Batti, Limda Lane, Jamnagar - 361001 (Gujarat) INDIA Phone : 0288 2673759, Fax No. 0288 2663042, Mo : +91 99045 61000 Email ID : karnavatifinance@gmail.com Mr. Ashish Batavia and Mr. Jay Morzaria addressed and responded to the questions raised by the shareholders. At last, Ms. Akanksha Rai, company secretary thanked all the shareholders present at the meeting and all the penal members for sparing their valuable time for the annual general meeting and requested shareholders to cast their votes. Then after, Mr. Ashish Batavia, Chairman & Director and Mr. Jay Morzaria, Managing Director also placed on record their sincere thanks to all the members of the company for sparing their valuable time. The recorded transcript of the AGM will be made available on the website of the company at https://karnavatifinancelimited.co/. The meeting was concluded at 03:52 P.M. IST. For, Karnavati Finance Limited ity daned by MORZARIA MORZARIA JAY JAY RAMANBHAI . Date: 2026.09.30 RAMANBHAI 170107 0530 Jay Morzaria Managing Director DIN: 02338864 Registered Office : Vraj, 2nd Floor, Simran Centre, Mogra Village, 30H Parsi Panchayat Road, Andheri East, Mumbai-400053. Phone : 022 2880 9111 Website : www.karnavatifinancelimited.com